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“The scheme was meant to profit a complete of 71.80 lakh members and the full registration underneath the scheme until the final date of registration is 75.11 lakh,” he mentioned.
As on December 11, 2023, an quantity of Rs 10,050.26 crore has been disbursed to 60.49 lakh beneficiaries via 1.52 lakh institutions, he added.
The best registration underneath the scheme was in Maharashtra at 1.22 million adopted by Tamil Nadu (1.01 million), 0.81 million in Gujarat, 0.61 million in Karnataka and 0.54 million in Haryana.
ABRY was launched on the time of Covid with impact from October 1, 2020 to incentivize employers for creation of recent employment and restoration of lack of employment throughout Covid-19 pandemic. The terminal date for registration of beneficiaries was 31.03.2022. The scheme was launched as a part of Atmanirbhar Bharat bundle 3.0.
Beneath the scheme, the beneficiaries registered as much as March 31, 2022 will proceed to obtain the advantages for 2 years from the date of registration underneath the scheme. The scheme is being carried out via the Workers’ Provident Fund Organisation (EPFO). Beneath ABRY, the federal government contributes each the workers’ share (12% of wages) and employers’ share (12% of wages) or 24% of contribution payable for workers in organizations with as much as 1000 workers or solely the workers’ share of 12% in case the full variety of workers are greater than 1000.
The entire outlay permitted by the federal government underneath the scheme stood at Rs 22,810 crore.
